ALPEN-Blog

New 30% tax credit for electric bicycles makes progress in US Senate

New 30% tax credit for electric bicycles makes progress in US Senate

Remember that proposed 30% tax credit for electric bicycles in the US? It’s now one step closer to becoming law, thanks to recent progress in the US Senate. Late last week, a new bill was introduced to the Senate known as the Electric Bicycle Incentive Kickstart for the Environment (E-BIKE) Act. The bill, S.2420, is a companion bill to H.R.1019 that was introduced into the House of Representatives earlier this year. The Senate bill was introduced by senators Ed Markey (D-MA) and Brian Schatz (D-HI). It proposes a 30% tax credit for new electric bicycle purchases in the US, up to a maximum...

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